Energy / Oil Prices

Jun 11, 2021 at 17:52 | Gerald Jansen

The world of Nigerian refining is an enigma shrouded in a mystery. Although the story of Nigeria’s refining has been a friction point for some years already, it…

Jun 10, 2021 at 15:44 | Irina Slav

Economies reopening after lockdowns and a consequent surge in travel have pushed crude oil prices to levels last seen years ago. Now, something else can push them even…

Jun 10, 2021 at 08:53 | Irina Slav

Crude oil prices could rise to $200 per barrel as international oil companies curb their investments in new exploration and production, the Nigerian National Oil Corporation said this week.…

Jun 09, 2021 at 13:07 | Tsvetana Paraskova

Brent Crude prices are expected to average $68 a barrel in the third quarter this year, the U.S. Energy Information Administration (EIA) said in its latest monthly outlook, raising…

Jun 07, 2021 at 07:52 | Irina Slav

West Texas Intermediate hit the highest since 2018 at the end of last week amid an increasingly favorable demand outlook. The U.S. benchmark topped $70 a barrel on Friday…

Jun 04, 2021 at 09:01 | Tsvetana Paraskova

Oil prices were rising early on Friday and headed to a second consecutive week of gains after the U.S. signaled that there may not be an imminent announcement of an…

Jun 03, 2021 at 11:08 | ZeroHedge

After in recent months crude oil prices have clearly recovered from their COVID-19 slump on steadily increasing demand, Russian Deputy Prime Minister Alexander Novak addressed the much-anticipated decision-making at the…

Jun 02, 2021 at 09:02 | Irina Slav

Crude oil prices strengthened further this week after OPEC+ signaled its growing optimism about the balance between demand and supply, and confirmed that it planned to continue increasing production. Bloomberg…

Jun 01, 2021 at 09:08 | Tsvetana Paraskova

Oil prices rallied ahead of and during the monthly meeting of OPEC+ early on Tuesday after the alliance’s Joint Ministerial Monitoring Committee (JMMC) signaled there would be no changes in…

May 31, 2021 at 18:08 | Simon Watkins

According to senior political and economic sources who work closely with the current Iranian government exclusively spoken to by OilPrice.com last week, the U.S. has agreed to a tentative removal…

May 31, 2021 at 10:13 | Tsvetana Paraskova

Oil prices rose by 1 percent early on Monday, driven by expectations that recovering demand with summer travel and reopening economies will easily accommodate the gradual increase in OPEC+ production.…

May 25, 2021 at 11:01 | Irina Slav

Oil prices have generally been trending higher over the past few months as the demand outlook for the commodity improved amid mass vaccination efforts. This week, however, benchmarks have experienced…

May 24, 2021 at 10:07 | Charles Kennedy

Goldman Sachs still expects crude oil to rise to $80 per barrel by the end of the year despite reports about progress on U.S.- Iranian talks about the lifting of…

May 20, 2021 at 10:16 | Tsvetana Paraskova

Oil prices dropped again early on Thursday after Iran’s president said that the world powers had accepted during the latest round of talks that sanctions against Iran would be lifted.…

May 19, 2021 at 16:07 | Irina Slav

Brent crude briefly hit $70 per barrel and West Texas Intermediate rose above $66 this week as improving economic outlooks for some of the world’s biggest economies boosted optimism. Although…

May 19, 2021 at 11:34 | Tsvetana Paraskova

Oil prices dropped for a second consecutive day early on Wednesday as the markets were spooked by concerns about above-target inflation and participants showed risk aversion to commodities. As of…

May 18, 2021 at 12:06 | ZeroHedge

Update (1245ET): Well that didn't last long. After oil prices plunged on Iran nuclear deal optimism, they have surged back higher again now after Russian Envoy Ulyanov clarified his earlier remarks, noting…

May 14, 2021 at 17:04 | Gerald Jansen

India’s COVID travails have become the main talking point when it comes to Asian crude demand, once again pushing out the timeline of things finally settling down. China…

May 13, 2021 at 10:06 | Tsvetana Paraskova

Oil prices dropped by almost 3 percent on Thursday morning and were set for the biggest percentage drop since early April, after the restart of Colonial Pipeline eased some of…

May 12, 2021 at 11:30 | Alex Kimani

Commodity price hedging is a popular trading strategy frequently used by oil and gas producers as well as heavy consumers of energy commodities such as airlines to protect themselves against…